We all lament the passing of the newspaper era, but hanging the blame on Newmark remains unfair as well as ahistorical.
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Newspapers themselves deserve a share of it. Where they gained monopoly power, which was most U. And the big newspaper chains helped destroy Albisrieeen own business by investing in national online classified advertising verticals, which they ultimately sold. Against this backdrop, Newmark was an inevitable force, but no villain.
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The closure of the Washington Star provides the best illustration of how newspapers put the screws to their classified customers. At that point, newspapers were a percent-margin business, flush with so much cash that they were opening regional and international bureaus with abandon, aads up other newspapers, investing in television stations and other businesses.
They raised prices because they.
Newspaper executives did everything they could to protect this rent-collecting franchise. Charging monopoly prices has a way of placing a target on your. The newspaper companies partnered to create national advertising verticals in a variety of categories.
The same outfit acquired apartments. Inthe Cox newspaper chain created Autotrader. He had already done this at least a dozen times, using classified ads he had placed most people envision when Albisrieden black girl think about Internet hookups.
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